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Italy Jan jobless rate edges up to 7.9%, with 35,000 jobs created
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ROME (Reuters) – Italy’s unemployment rate rose slightly to 7.9% in January from an unrevised 7.8% the month before, national statistics bureau ISTAT said on Thursday.
ROME (Reuters) – Italy’s unemployment rate rose slightly to 7.9% in January from an unrevised 7.8% the month before, national statistics bureau ISTAT said on Thursday.
A Reuters survey of analysts had forecast a jobless rate of 7.8%.
In January the youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 22.9% from an upwardly revised 22.2% the month before.
Italy’s overall employment rate in January marginally rose to 60.8%. The number of people in work rose by 35,000 from the month before.
ISTAT gave the following data:
JAN DEC NOV
JOBLESS RATE 7.9 7.8 7.8
YOUTH UNEMPLOYMENT RATE (15-24) 22.9 22.2r 23.3r
EMPLOYMENT RATE (15-64) 60.8 60.7r 60.6r
r=revised
(Reporting by Antonella Cinelli)
Youth unemployment refers to the unemployment rate among individuals aged 15 to 24. It highlights the challenges young people face in entering the job market.
Job creation refers to the process of generating new employment opportunities in the economy, often driven by business growth and economic expansion.
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